ExxonMobil is the world’s largest publicly traded international oil and gas company. We have been an industry leader for more than 135 years. The quality, size, and diversity of our integrated portfolio are evident across all three of our global business segments: Upstream, Downstream, and Chemical.
The integration of these three segments provides a distinct competitive advantage, offering unmatched opportunities to grow shareholder value across business lines. With a commitment to operational excellence, disciplined investment, and technology development, we are maximizing the value of every molecule from the wellhead to the customer.
ExxonMobil’s Outlook for Energy anticipates significant changes through 2040 to boost living standards and accelerate decarbonization of the world’s energy system to help address the risks of climate change.
By 2040, the world’s population is expected to reach 9.2 billion people. Over that period, the world’s economy will likely double, helping billions of people join the middle class.
Energy-efficiency improvements will help curb the growth in global energy demand to about 25 percent over the period to 2040. Efficiency gains, along with changes in the energy mix, will also help reduce the carbon intensity of global GDP by nearly 45 percent, as nuclear and renewables, led by solar and wind, contribute nearly 40 percent of incremental energy supplies to meet demand growth.
Natural gas will grow the most of any energy type; oil will continue to play a leading role in the world’s energy mix, even as electric cars become more prevalent. The International Energy Agency estimates cumulative oil and natural gas investment needs may reach approximately $21 trillion between 2017 and 2040.